Cloud-based Invoice, AP & AR Management

by Lynnea BylundFebruary 17, 2013 is a Cash Flow Command and Control System that manages accounts payable and receivable for businesses of all sizes. Offering online bill pay, custom invoicing services and collections, unlimited document storage, collaboration tools, and mobile access,’s services easily syncs to users’ accounting software, QuickBooks hosting clouds and online bank accounts to better control […]

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Tax Law Changes for 2012 Business Tax Filings*

by Lynnea BylundFebruary 10, 2013

Last year there were new tax law changes. 2012 didn’t see a ton of tax law changes, but there are several you need to be aware of. Let’s dive right in, shall we? *Source: Feuerhelm Langer, Ltd., a St. Paul CPA firm Write-offs. If you leased or financed used or new machinery or equipment during 2012, […]

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Home-business time impinging on Holiday time?

by Lynnea BylundDecember 17, 2012

Enduring home-based business relationships with your partner, family, friends and associates requires everyone on your business team to recognize when you need assistance by establishing solid guidelines on how and when they can lend that assistance with minimal chaos. So how do I keep my home-based business out of my family time over Xmas? The […]

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Two Key Areas Startups Often Neglect

by Lynnea BylundNovember 24, 2012

Business startups can be a stressful and challenging process, especially if its your first startup. A single missed to-do list item might be a key element with a big impact on your future operations.  In the course of the start-up phase, it’s genuinely difficult to discern what is and is not significant and what might […]

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Ten Common Small Business Bookkeeping Mistakes

by Lynnea BylundNovember 23, 2012

From single-person entities to major companies, bookkeeping is an important part of any business process. While it is typically not one of the more exciting jobs, bookkeeping is at the core of a business”s success, and mistakes can cost the company a lot. Below are ten of the most typical errors that you want to your small […]

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The Best Solution for the Accounting Impaired

by Lynnea BylundNovember 19, 2012

As an entrepreneur and business owner, you may be wearing all the hats, running out of time and running on empty. You try to make time for marketing, errands and family, but when it comes to recording the financial transactions of your business, you find yourself procrastinating. — There isn’t really that much to do […]

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White Paper: Cloud-based AP & AP Automation

by Lynnea BylundNovember 15, 2012

A recent survey of 350 CFOs taken by found that when CFOs automate their accounts-payable process in the cloud, the AP department cuts its work time by more than half, and slashes the cost per invoice by up to 70%. But surprisingly 73% of the respondents said they still use Excel spreadsheets to record and […]

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Year End 2012 Accounting Check List

by Lynnea BylundNovember 1, 2012

Soon it will be that time of year once again when most companies are closing their books. The company owners will either be partying or nursing their wounds. In any case, we as small business operators usually have some checking and tidying and decision making to do. Thanks goes to Universal Accounting School for this list – […]

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The NEW Key Traits of Successful Entrepreneurs

by Lynnea BylundOctober 25, 2012

What’s involved to be a successful business owner? What differentiates the entrepreneurs who are successful from all the rest?  What exactly is success? We’ve seen over the years that certain factors such as leadership, balance between risk-taking aversion and tolerance, and graceful adaption to change are key success traits for entrepreneurs in any business segment. […]

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How NOT to Micromanage Your Small Business

by Lynnea BylundOctober 17, 2012

At the start of a new business the entrepreneur often handles everything—directly and optimally. Then it begins: the company grows beyond what you can handle by yourself and you start hiring staff to fill the positions in your growing business. What you obtain is the freedom to further grow your company. What you lose is […]

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QuickBooks Can Do It All!

by Lynnea BylundOctober 8, 2012

No, you’ll never run out all of the Intuit QuickBooks functions and features… …. but here are some pointers on tools that extend QuickBooks’ usefulness – and save you time. Zero In On Key QuickBooks Report Figures You’ve undoubtedly created reports that were so lengthy that you got tired of scrolling up and down to […]

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Annual Growth and CAGR: Getting It Straight*

by Lynnea BylundOctober 2, 2012

One small thing that might make the business world just a tiny bit better is all of us agreeing how we measure growth.  I hesitate to wade into this subject because so many people have so many definitions. *Source: Tim Berry at Small Business Trends And you’d think it was obvious, but then suddenly I […]

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Capital Gains and Losses – 10 Things You Must Know

by Lynnea BylundSeptember 18, 2012

Virtually everything you possess and use for personal or investment purposes is a capital asset.  Capital assets include your home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is […]

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The Optimal Steps For Selling Your Business

by Lynnea BylundSeptember 1, 2012

Launching a small company takes nerve and determination — and so does ultimately divesting of your beloved company. The decision to sell can be nerve wrenching, but whether you’re selling because the work is no longer fun or because you need more time outside of your business, the preferred end result is often the same: You must ensure that you’re […]

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How to prevent employee termination blowback

by Lynnea BylundAugust 15, 2012

An employee  job termination is always uncomfortable, whether it’s for good cause or due to a business downturn. Workers who are fired or laid off often have bad misgivings about your business and some may act out their emotion in hurtful or violent ways, attempting to sabotage your company. Here are seven key steps that you […]

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Who really owns the accounting data on the cloud?

by Lynnea BylundAugust 13, 2012

Accountants and Clients Online: Who Owns What Data? Joanie Mann is a recognized authority in the areas of ISV cloud enablement and ASP service delivery.   While mobile smart device support and remote access to applications and data is becoming a standard requirement for most businesses today, the “online” working model goes a long way […]

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5 Questions that will Immediately Enhance Your Small Business Operations

by Lynnea BylundAugust 5, 2012

Larry Bloom, “recovering CEO” and author of The Cure for Corporate Stupidity: Avoid the Mind-Bugs that Cause Smart People to Make Bad Decisions, is a private advisor to several business leaders. Larry has identified 5 key questions to ensure that you and your business are operating ethically and always for the greater good. Have you […]

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Three Good Reasons to Avoid Tax Refund Loans

by Lynnea BylundJuly 28, 2012

3 Reasons To Avoid Tax Refund Loans You might be considering indulging in one of those income tax refund  loan advances, but you should think again. It is probably better to just wait it out because you will get your money. These short term loans end up costing American taxpayers over $900 million in fees […]

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Luca Pacioli and the History of Bookkeeping and Accounting

by Lynnea BylundJuly 17, 2012

Bookkeeping might seem a like dull subject. But it didn’t leap fully formed out of a weighty textbook. People have needed to keep track of their money for centuries, and the bookkeeping methods we use today can be traced back to one very influential man.* *Source: A Brief History of Bookkeeping by Oruk Duke From […]

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Construction Contractor Bookkeeping Is Different!

by Lynnea BylundJuly 10, 2012

We are always astonished when we encounter someone who is doing the bookkeeping for a contractor and they and treat the construction business like any other business.   Using regular bookkeeping and accounting for a construction business is like trying to assess the size and risk of an iceberg by only observing what shows of […]

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